Three-Story Multifamily
422 Warren, Inglewood, CA 90302
For Sale
$2,995,000
Currently operated as a month-to-month short-term rental, the property includes two kitchens and on-site parking.
Property Size11,760 SF
Price / SF$254.68
Days on Market113
Property Features for 422 Warren
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Tenancy & Operations
Currently Operating
Tenant in Place
Building Details
Building Size
Buildings
Stories
Listing Agency:
Estate Properties
(310) 210-0743
Listed By:
Jeff Kashanchi · License #00955833
(310) 378-9494
Source:
Thecorralesgroup
Added: Jul 20
Changed: Nov 8
Last Checked: Nov 9 at 2:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Estate Properties
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Investment Insights
Based on property information with market context.
Located at 422 Warren in Inglewood, this three-story multifamily building has approximately 43 rooms, two kitchens, and more than 20 parking spaces. It is currently used as a short-term rental on a month-to-month basis.
The property is a short distance from SoFi Stadium. Prospective buyers should confirm applicable permits and allowed uses with the city and relevant authorities.
The property is a short distance from SoFi Stadium. Prospective buyers should confirm applicable permits and allowed uses with the city and relevant authorities.
Key Highlights
- Three‑story building with approximately 43 rooms
- Two kitchens
- More than 20 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$145,667
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,913,340
$2.9M
Cap Rate 7%
$2,080,957
$2.1M
Cap Rate 9%
$1,618,522
$1.6M
Market Conditions
NOI Build-Up for 11,760 SF
Gross rent
$266.7K $22.68/SF
− Vacancy
−$1.9K −$0.16/SF
EGI
$264.8K $22.52/SF
− OpEx
−$119.2K −$10.13/SF
NOI
$145.7K $12.39/SF
Area
Inglewood, CA
Vacancy
0.70%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,913,340
Cap Rate 7%
$2,080,957
Cap Rate 9%
$1,618,522
Alternative Uses
Best Use
Apartment 5plus
$2.08M
$1.82M – $2.43M
NOI $145,667 @ 7.0% cap · market cap 4.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.80M
$4.20M – $5.60M
NOI $335,866 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,727
Businesses Nearby
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Business Placement
Demographics for 90302, CA
29,264
Population
11,366
Households
2.6
Avg Household Size
36
Median Age
30%
College-Educated
81%
High-School Grad
1.9 sq mi
ZIP Area
15,402
Density / Sq Mi
$72,461
Median Household Income
$37,675
Median Earnings
$1,784
Median Rent
$731,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Multifamily properties in Inglewood, CA
Properties on Market for Multifamily properties in Inglewood
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Currently operated as a month-to-month short-term rental, the property includes two kitchens and on-site parking.
Where is this multifamily property located?
The property is located at 422 Warren Inglewood, CA.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Three‑story building with approximately 43 rooms; Two kitchens; More than 20 parking spaces
